We are here to answer all your questions related to income tax, sales tax, company and all other corporate needs.
To add more directors, hold fresh elections and elect the required directors.
What is the difference between SMC and Private Limited Company?
A SMC Private Limited Company is one which has only one director/member, whereas a other Private Limited Company must have at least two directors or members.
What is the purpose of Form 9?
Form 9 is filed in case of any change in the company (officer, director, legal advisor, secretary, or auditor).
How to wind up a company in Pakistan?
Apply under the “Easy Exit Scheme” to wind up a company.
This application is submitted manually and the following forms must be filed along with it.
- Application for striking off the name Form EE-1
- CNICs of director
- Copy of Members resolution on Form EE-II
- Copy of the minutes of the meeting
- Declaration / Indemnity on Form EE-III
- Auditor Certificate on the format given on EE-IV
- Payment Fee Challan of Rs. 10,000
My company applied for wind-up at SECP which was approved, however NTN remains active?
In such a case, the company has to apply for de-registration separately with FBR as the current system is not fully integrated between SECP and FBR.
What is Form-A or Company Annual Returns?
- Form-A is mandatory to be filed after every financial year.
- They need to file within 120 days after the financial year ended.
- For example, if the financial year of the company ends on June 30, then the last date for filing Form-A or annual returns will be October 28 (i.e. within 120 days).
I had registered my company, but no annual filings have been made since then. Now I want to close the company, do I have to submit the pending SECP forms before winding up?
No need to file SECP form separately if company is being wound up under Easy Exit Scheme.
Why is it necessary to file the form-9?
If a person has resigned or sold his shares, it is necessary to inform it through Form 9 and F3 so that the record of shares remains correct.
What is the term of office for directors?
The directors of a company are elected for a three-year term.
The first election must be held within 16 months of the incorporation of the company and thereafter within 120 days of the end of each financial year.
What is Last date for filing company income tax returns?
The last date for filing company tax returns is December 31.
What Are the Advantages of Being a Filer and Disadvantages of Being a Non-Filer?
A filer has to pay tax at a lower rate in various cases.
A non-filer is generally charged two to three times more tax than a filer.